ClearOne, Inc. (NASDAQ:CLRO) major shareholder E Bryan Bagley bought 45,448 shares of the firm’s stock in a transaction on Thursday, November 9th. The shares were bought at an average cost of $6.79 per share, with a total value of $308,591.92. Following the transaction, the insider now directly owns 38,602 shares of the company’s stock, valued at $262,107.58. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Major shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.
ClearOne, Inc. (CLRO) opened at $6.70 on Friday. ClearOne, Inc. has a 1-year low of $6.70 and a 1-year high of $12.60. The company has a market capitalization of $56.50, a P/E ratio of 223.33 and a beta of 1.36.
ClearOne (NASDAQ:CLRO) last issued its quarterly earnings results on Wednesday, August 9th. The communications equipment provider reported ($0.02) EPS for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.07). ClearOne had a positive return on equity of 0.21% and a negative net margin of 26.92%. The business had revenue of $10.31 million for the quarter, compared to analyst estimates of $12.01 million. equities research analysts expect that ClearOne, Inc. will post 0.05 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 6th. Stockholders of record on Wednesday, November 22nd will be issued a dividend of $0.07 per share. The ex-dividend date is Tuesday, November 21st. This represents a $0.28 dividend on an annualized basis and a dividend yield of 4.18%. ClearOne’s dividend payout ratio (DPR) is presently -20.74%.
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CLRO has been the subject of a number of recent analyst reports. B. Riley reaffirmed a “buy” rating and set a $9.75 target price on shares of ClearOne in a research report on Thursday, August 10th. ValuEngine raised ClearOne from a “sell” rating to a “hold” rating in a research report on Friday, September 1st.
ClearOne, Inc (ClearOne) is a global company that designs, develops and sells conferencing, collaboration, streaming and digital signage solutions for audio/voice and visual communications. The Company designs, develops, markets and services a line of conferencing products for personal use, as well as traditional tabletop, mid-tier professional products for large, medium and small businesses.
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